Cost efficient and effective.
The most common problems showing up in the workplace are absenteeism, presenteeism, accidents, injuries, excessive sick leave, workplace conflicts, short-term disability, long term disability, turnover, FMLA leave, and managerial time spent dealing with these concerns.
Our Cost Savings Calculator will generate results based on a scenario where 17% of your employees are experiencing any of these personal difficulties that impact their work performance.
The cost to your organization per each unproductive employee is assumed to be 25% of their annual salary.
COST SAVINGS CALCULATOR
Potential employees experiencing personal problems:
Potential cost to your organization due to personal problems:
EAPs offer employers practical and effective strategies to improve their bottom line by paying attention to their employee’s well-being. One of the main values of an EAP is the ability to deliver early intervention and timely resolutions to reduce the range of operational and healthcare costs.
A Portland State University study found that employees who received assistance for emotional problems experienced:
A Hartford study concluded that behavioral and physical issues cannot be viewed in isolation. When they occur together, they can contribute to one another’s severity. (EA Report 2009)
“An EAP that is aligned with organizational values and vision will measurably enhance business operations, the overall employee experience and the community perceptions of the company. A well run EAP will provide a positive return on investment.” (National Business Group on Health, EAP Workgroup, 2007)
According to Employee Assistance Professionals Association (EAPA), EAPs reduce absenteeism, lost time, errors, dissatisfied customers, accidents and medical claims. They improve production, morale, employee retention, and public image. EAPs save money on salary and fringe benefits recruiting and training costs. (EAPA Online 2002)
EAPA’s research shows that up to 68% of all workers will at some time experience problems severe enough to prevent them from coping with day-to-day work responsibilities. (EAPA Online 2002)
Learn more about the savings you can expect by investing in an organizational risk improvement plan.